CBS' Mark Knoller Details Obama's Debt Limit Hypocrisy

Now, this debt ceiling — I just want to remind people in case you haven’t been keeping up — raising the debt ceiling, which has been done over a hundred times, does not increase our debt; it does not somehow promote profligacy. All it does is it says you got to pay the bills that you’ve already racked up, Congress. It’s a basic function of making sure that the full faith and credit of the United States is preserved.

We’ll leave it to Mark Knoller of CBS to put the record straight – as he did on Twitter today. It would seem, as with all too many of Obama’s statements, his previous remarks on the debt ceiling came with an expiration date – the day it became his responsibility, as opposed to a Republican president’s. Knoller went on to make the point that, contrary to Obama’s claim, raising the debt limit has always resulted in an increase in the national debt.

Boehner press secy @Brendan_Buck reminds that in 2006, Senator Obama was whistling a different tune about raising the Debt Limit.